Gelonghui, April 24, 丨 Binhai Investment (02886.HK) announced an announcement regarding the signing of a natural gas purchase and sale contract between Shenzhen Binhai Energy, a wholly-owned subsidiary of the company, and Beijing Fuel Tianjin, a wholly-owned subsidiary of the company, and the signing of a strategic cooperation framework agreement between Binhai Investment (Tianjin) Co., Ltd., and Beijing Fuel Tianjin, a wholly-owned subsidiary of the company.
Shenzhen Binhai Energy and Beijing Fuel Tianjin have renewed their annual natural gas purchase and sales contract to supply natural gas to Shenzhen Binhai Energy to support the Group's gas business in the Beijing-Tianjin-Hebei region of China. According to the purchase and sale agreement, Beijing Fuel Tianjin will provide competitive gas prices to meet the large-scale gas procurement requirements of Shenzhen Binhai Energy.
The company believes that the renewal of the sales contract shows that the Group and Beijing Fuel Tianjin will continue to implement the strategic framework agreement on the basis of mutual benefit and mutual benefit. Further cooperation with Beijing Fuel Tianjin will help the Group continue to expand and improve its own natural gas resource pool construction and allocation capabilities, optimize the upstream gas source structure, reduce procurement costs, and enhance profitability. The Group and Beijing Fuel Tianjin will continue to consolidate and deepen all-round and multi-field cooperation, give full play to their resource synergy advantages, improve their natural gas supply chain systems, contribute to mutual natural gas insurance between Beijing, Tianjin, and Hebei, and promote the continuous high-quality development of the industry.